S&P 500 Futures--- There is no stopping the stock market in my opinion as it hit another all-time high in today's session up for the 2nd consecutive day by 18 points at 2711 in the S&P 500 as all of the indices across the board have now hit record highs & if you're long continue to place the stop loss under the 10 day low standing at 2650 as the U.S tax cuts continue to propel prices higher.
If you take a look at the Vix indicator it has now hit the lowest price in history which tells you nobody thinks the stock market is going lower which could be a scary indicator, but I am extremely bullish all U.S equities as I think 2018 could produce between 15%/20% across the board.
American Airlines announced a $1,000 bonus for every employee as well as many other companies over the last couple of weeks as that trend will continue coupled with the fact that 18 states have now raised the minimum wage as the tax cuts already are taking a major impact on the U.S economy as great things are happening at the current time coupled with the fact that U.S regulations are melting down on a daily basis as this is extremely bullish fundamental news for higher prices in U.S equities so stay long as there is absolutely no reason to be short.
The S&P 500 is trading far above its 20 and 100 day moving average which is remarkable in my opinion as this clearly is the strongest trend so continue to place the proper stop loss as higher prices are ahead & I think higher prices are ahead for most commodity sectors as I'm very excited about 2018.
CHART STRUCTURE: SOLID
If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com
Skype Address: mseery TWITTER---@seeryfutures
FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER
If youre looking to open a Trading Account click on this link www.admis.com
There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.